Cryptocurrency bear markets have proved to be quite ruthless for inexperienced investors. The blows are usually much more intense than traditional stock markets, to the extent of some coins losing at least 90% or more from their all-time great values. Crypto investors and traders have been thrown into a crypto winter and confined in a
whirlpool of the crypto bear market. However, the traders should not surrender themselves to the market as it will increase losses and other related risk factors. Instead, they should reanalyze their investing tactics and review their base models to stay safe during the bear market.
Tedi Ticic, a cryptocurrency trader, author, and mentor from Croatia, Europe, is one of the few intelligent entrepreneurs. He identified the potential growth of the cryptocurrency market in its initial stages in 2016. He ventured into the industry back then worked so hard, and thus, cementing a name in the cryptocurrency market.
Tedi is a very prominent cryptocurrency trader in Europe. Moreover, Tedi helps many people to earn significant profits from the cryptocurrency market and wants them to realize all the cryptocurrencies’ potential and opportunities the market is about to unveil. Tedi’s dazzling investment tactics and practical assessment of the future valuation of currencies have benefited many under his guidance to make millions. As an author, Tedi has published three bestselling books on Amazon, eBay, and textbook.com. The star trader has also garnered a massive following on his Instagram account over the years (he currently has 69k+ followers and is still counting).
Tedi is delighted to share insightful pointers to help a trader maximize profits during a bear market. You should secure your portfolio and firmly keep your Bitcoin, Ethereum, or other prominent cryptocurrencies rather than selling them during the crypto bear market (HODL), don’t go against the crypto market, don’t wait for an all-time high, and don’t compare the expanding crypto space with the past. It would be best if you stick to your strategy, develop your skills, implement dollar-cost averaging (DCA), and never overestimate the crypto market. Besides, build an extra income stream and invest in yourself.
According to Tedi, you should keep learning new strategies to survive the bear market, regardless of its fluctuation. He mentioned, “As a matter of fact, a bear market is the best time to accelerate your crypto knowledge without the buying pressure. Typically, everyone is in a cut-throat competition to keep an upper hand and maximize returns. Therefore, you should gain valuable new insights by getting your head around the crypto and blockchain concepts.”
The top trader added, “Learn to read smart contract data, evaluate trading patterns, and above all, you can get some strong crypto assets added to your portfolio for a small amount. Also, consider improving investing formulas and learn from your mistakes during the crypto bear market.” The crypto space is rapidly growing; thus, one should not compare it with the past when most people in the crypto industry were amateurs, and the volume was much lower.
Tedi shares that he went through challenging moments before actualizing his dreams. However, he never gave up but faced every challenge head-on to attain such a financial breakthrough. He urges anyone struggling to achieve their goals to never give up on themselves until they reach the top. The star trader and author aspire to be the most influential author in Europe in the coming years.
Opinions expressed by US Insider contributors are their own.